Outsourcing Logistics Will Help Vendors Provide Better Freight Services in the Warehousing Market in India from 2014 to 2018: TechNavio

TechNavio, a tech-focused research firm has published a new report on the Warehousing Market in India, which is expected to grow at a CAGR of 17.12 percent from 2014-2018.

The introduction of the GST system will help key players in the warehousing market by reducing the amount of tax paid on the import and storage of goods in each region. It will also motivate them to invest in warehousing infrastructures.

The latest report by TechNavio highlights vendors in this market that are outsourcing their logistics activities to focus more on core areas. By outsourcing logistics activities to 3PL or 4PL service providers, organizations can reduce product delivery time and provide the best freight services to end-users.

“Outsourcing of 3PL services in the fast-moving consumer goods sector in India is expected to grow significantly during the forecast period,” says Faisal Ghaus, Vice President of TechNavio.

“The big players in the Indian FMCG industry like Hindustan Lever and Marico have outsourced their entire logistics operations to Exel Logistics and Sembcorp Logistics, which are both 3PL service providers.”

Outsourcing of professional logistics services will witness steady growth, especially in the automotive industry as the usage of JIT operations is becoming an industry standard.

Key Information Covered in the Report:

• Market segmentation, size and forecast through 2018
• Market Growth Drivers:
  • Introduction of GST System
  • For a full detailed list, view our report.
• Market Challenges:
  • Non-uniform Tax Structure
  • For a full detailed list, view our report.
• Market Trends:
  • Demand for Outsourcing Logistics
  • For a full detailed list, view our report.
• Key Vendors:
  • Allcargo Logistics Ltd.
  • Central Warehousing Corp.
  • Gati Ltd.
  • Transport Corporation of India Ltd.
• Other Prominent Vendors:
  • Adani Logistics
  • AWL India
  • Blue Dart Express
  • Central Railside Warehouse Co

TechNavio currently has more than 3000 market research reports on a huge range of topics, including 50+ reports on the warehousing market:

• Warehousing and Storage Market in the US 2014-2018

If you are interested in more information, please contact our media team at media@technavio.com.